Charter & Fractional
Blade Predicts Turnaround after 2023 Losses
Company plans to continue its "asset-light" focus as it seeks to achieve profitability
Blade Air Mobility organ transport
© Blade Air Mobility

While Blade Air Mobility expects adjusted earnings to turn positive in 2024 and see double-digit growth in 2025, the flight provider’s net loss more than doubled last year, to $56.1 million, up from $27.3 million in 2022. Adjusted earnings in 2023 improved by $10.8 million to show a loss of $16.6 million—based on a 54 percent hike in revenues, to $225.2 million.

For the full year, Blade's operating expenses grew by 46.9 percent, while net loss from operations grew by 27.3 percent, to $68.1 million. Net losses during the fourth quarter were “primarily due to a $20.8 million impairment charge on intangible assets related to the Blade Europe acquisition,” according to the company. 

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